If you remember, Apple began in January 2019 with a very bad footing and with many nerves before the presentation of economic results because they were not going to be good. The company’s own CEO was forced to send a reassuring note to investors to prepare them for results that were not good. This has changed completely in 2020 as the company is setting records on the stock exchange.
Apple is approaching the second billion dollars
January 2, 2020, is undoubtedly a date that will be marked on the company’s calendar since after the close of the market Apple’s growth has been confirmed reaching a new historical high of $ 300 per share. If we compare this figure with the share price of January 2018, the growth is more than 100%. While last year each share was priced at $ 142, now they have come to get a value of $ 300.
As we said earlier, in 2018 and early 2019 Apple had to suffer a trade war with China, a slowdown in iPhone sales and also different legal problems with other companies. But the different launches of the company have worked quite well with the iPhone XR and the iPhone 11 having a very good acceptance as we have commented on other occasions. This has caused investors to trust Apple again, thus increasing the price of the stock that now marks a maximum historical value. This value makes the company have a capital value of 1.33 billion dollars. This causes Apple to approach the second billion being without a doubt this is a great business milestone.
Analysts already point out that AirPods and Apple Watch sales are going to surprise analysts and they are sure to shore up $ 300 per share. And this should not surprise us since we have seen how the stock of the AirPods Pro is not too good because of the huge demand they have had in their first weeks of launch. To this, we must add that in the coming weeks we will be aware of the financial results of the last quarter of 2019 for Apple.
If everything ends up confirming it is possible that we will see a stabilization of iPhone sales and even a growth compared to last year’s sales. If this is so, investors will surely be able to continue trusting Apple and betting on their shares.
Tim Cook returns to take out his most supportive side
In addition to this incredible stock market value, Apple’s CEO has taken out its most supportive side once again. According to a presentation by the Securities and Exchange Commission, Apple’s CEO has donated more than 6,000 shares of AAPL to a charity. These actions have a value of 2 million dollars but the name of the organization to which this money has gone has not been disseminated.
This is no surprise since in December 2019 Tim Cook made a donation of $ 1.99 million in shares that has now been revalued upwards by the increase in the share price. In addition to these two unknown charities, it is known that Tim Cook has donated for LGTB equality campaigns and also donates to the PRODUCT (RED) fund and relief funds for natural disasters.
Tim Cook currently holds 847,969 Apple shares valued at $ 254 million. He already said that he would donate it entirely to different charities and is already fulfilling it but without giving details because he is not obliged to do so.
Leave us in the comment box what you think of this new historical record in the value of Apple shares.